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Business English Exercises
 

The National Debt

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 368
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the national debt answer 1
The national debt can be thought of as the accumulated debt the government owes from all those years of borrowing money to pay off the annual federal deficits.

Correct answer: (b) deficits

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the national debt answer 2
Secondary market refers to the purchase or sale of securities between the time of their initial issuance and before they mature; many money market instruments are sold and bought several times by different investors before they mature.

Correct answer: (c) Secondary

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the national debt answer 3
There are roughly six main categories of noncurrent liabilities: Long-Term Debt, also known as Funded Debt, Bonds Payable, Obligations Under Capital Lease, Deferred Tax Liability, Pension Liability, and Mortgages Payable.

Correct answer: (b) noncurrent

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 meaning of ramose, nimble, subtle, doleful, discreet, insensible Ask a Teacher
the national debt answer 4
For tax years 2004 and earlier, use the tax tables if your taxable income is less than $100,000; if $100,000 or more, use the tax rate schedules.

Correct answer: (d) tables

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501 Business English Exercises — Printable, photocopiable.
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the national debt answer 5
The literature focuses on Chinese and Japanese exchange rate strategies as the origin of the Asian crisis; McKinnon and Schnabl argue that, from 1995 to 1998, the depreciation of the Japanese yen eroded the international competitiveness of its smaller neighbouring countries, which kept pegging to the dollar.

Correct answer: (c) pegging

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the national debt answer 6
A voluntary contribution is an extra contribution paid in addition to the mandatory contribution a member can pay to the pension fund in order to increase the future pension benefits.

Correct answer: (d) voluntary

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the national debt answer 7
The AMEX started as an alternative to the NYSE; it originated when brokers began meeting on the curb outside the NYSE in order to trade stocks that failed to meet the Big Board's stringent listing requirements.

Correct answer: (a) AMEX

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the national debt answer 8
Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States; the agency's mandate has been renewed and expanded several times since then, most recently by the Commodity Futures Modernization Act of 2000.

Correct answer: (b) Commission

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 to collect money, to gather money, to rise money Ask a Teacher
the national debt answer 9
Stop-and-reverse should be used sparingly, when conditions require it; if your stop loss gets hit, it usually means that the market will go against you for some time before moving back in your direction, so your outlook should be to reinstate your original trade in the original direction, not trade in the opposite direction.

Correct answer: (c) reverse

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the national debt answer 10
LIFO assumes that an entity sells, uses or disposes of its newest inventory first; using this method to evaluate and manage inventory can be tax advantageous, but it may also increase tax liability.

Correct answer: (b) LIFO

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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